automakers Archives - CFO

The Global Chip Shortage: Worst-Hit Industries

The Global Chip Shortage: Worst-Hit Industries

Chip suppliers, which trimmed down chip production for autos and in turn stepped up supplies to consumer electronics, are now pressured from all quarters.

By Vincent Ryan | April 15, 2021

Chip Supply Shortage Will Last Through 2022: Foxconn

Chip Supply Shortage Will Last Through 2022: Foxconn

The electronics manufacturer supplies big-name tech companies such as Apple, Alphabet, Amazon, and Microsoft.

By Lauren Muskett | March 30, 2021

Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted

Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted

“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.

By Vincent Ryan | October 28, 2020

Analog Devices Buys Rival Chipmaker Maxim

Analog Devices Buys Rival Chipmaker Maxim

The $8.2 billion deal will create a semiconductor giant with a combined enterprise value of $68 billion and combined revenue of $8.2 billion.

By Matthew Heller | July 13, 2020

Major US Automakers Plan to Return to Work May 18

Major US Automakers Plan to Return to Work May 18

The companies say enhanced safety measures will be in place.

By Lauren Muskett | May 11, 2020

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Risk & Compliance

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.

By Gene Kohut | April 13, 2020

Fiat Chrysler Proposes Merger With Renault

Fiat Chrysler Proposes Merger With Renault

The combined company is poised to become a leader in the race for developing electric and autonomous vehicles.

By Lauren Muskett | May 28, 2019

Ford to Cut 1,400 Jobs in Profitability Push

Ford to Cut 1,400 Jobs in Profitability Push

The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.

By Matthew Heller | May 17, 2017

GM’s Q1 Profit Hits Post-Bankruptcy Record

GM’s Q1 Profit Hits Post-Bankruptcy Record

The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.

By Matthew Heller | April 28, 2017

Ford’s Profit Dips 35% on Increased Costs

Financial Performance

Ford’s Profit Dips 35% on Increased Costs

"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.

By Matthew Heller | April 27, 2017

GM Halts Venezuela Production as Plant Seized

GM Halts Venezuela Production as Plant Seized

The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.

By Matthew Heller | April 20, 2017

Ford’s Heavy Spending to Cut Into 2017 Profit

Ford’s Heavy Spending to Cut Into 2017 Profit

Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."

By Matthew Heller | March 24, 2017

GM Hits Record Profit But Expects Flat Growth

GM Hits Record Profit But Expects Flat Growth

The automaker's stock falls 4.7% even though it reported record sales of $166 billion and earnings per share of $6.00 for 2016.

By Matthew Heller | February 7, 2017

Ford Swings to $783M Loss on Special Charges

Ford Swings to $783M Loss on Special Charges

The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.

By Matthew Heller | January 26, 2017

Ford Chooses U.S. Investment Over Mexico Plan

Ford Chooses U.S. Investment Over Mexico Plan

The decision to scrap a planned $1.6 billion factory in Mexico is a "vote of confidence" in Donald Trump's economic policies, Ford says.

By Matthew Heller | January 3, 2017